Abstract

http://ssrn.com/abstract=2123535
 
 

Footnotes (174)



 


 



Taming the 'Unruly Horse' of Public Policy in Wills and Trusts


Martin D. Begleiter


Drake University - Law School

December 20, 2012

Drake University Law School Research Paper No. 12-11

Abstract:     
Issues involving “public policy” in wills and trusts (outside of cases involving the Rule Against Perpetuities) do not often arise. Most involve restraints on marriage and conditions encouraging divorce. Since such questions arise infrequently, courts usually were satisfied to state the rules in the area and ignore examination of the tests for and sources of public policy.

This situation is changing. Recent interest of clients in restrictions and incentive clauses, coupled with a new proposal in the Restatement (Third) of Trusts, has generated scholarly discussions on restraints on marriage and divorce. This article uses the Restatement’s new test as a springboard to examine the process by which public policy in wills and trusts should be determined. After examining the new Restatement test and finding it wanting, the article develops a more objective and useful test from earlier formulations of public policy in the wills and trusts area. The Article concludes by analyzing restraints on marriage and conditions encouraging divorce in light of the public policy test developed in the Article, and finds that public policy should no longer find such conditions violate public policy.

Number of Pages in PDF File: 31

Keywords: wills, trust, public policy, restrictions, marriage, divorce

working papers series


Download This Paper

Date posted: August 3, 2012 ; Last revised: February 26, 2013

Suggested Citation

Begleiter, Martin D., Taming the 'Unruly Horse' of Public Policy in Wills and Trusts (December 20, 2012). Drake University Law School Research Paper No. 12-11. Available at SSRN: http://ssrn.com/abstract=2123535 or http://dx.doi.org/10.2139/ssrn.2123535

Contact Information

Martin D. Begleiter (Contact Author)
Drake University - Law School ( email )
27th & Carpenter Sts.
Des Moines, IA 50311
United States
Feedback to SSRN


Paper statistics
Abstract Views: 534
Downloads: 111
Download Rank: 146,223
Footnotes:  174

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.265 seconds